Wasilla Real Estate- Monday Morning Market Memo 6-11-2007

Wasilla Real Estate News Statistics for June 11,2007

Although the statistics show more of the same since the beginning of the year, our personal business has certainly picked up.  We received offers on several homes this week.  And our listings had a lot more action as well.

     Average Price  DOM
 New 63 $273,166  
 Total Active 832 $309,025  101
 Pending  44 $224,494 50
 Closed  23 $226,047  82

The numbers above are almost identical to last weeks.  The charts below however put them all in perspective.  Click to enlarge

Total Active…note how the total active listings continue to climb.  This chart shows only single family homes.  It does not include condos, cabins, commercial or land.

The pending and closed sales continue to clip along at a fairly steady pace.  Obviously, buyers are still out there.  We continue to have an active market.  Buyers definitely have more choices than they do in the past.  The homes that sell are usually the more desirable homes or the better priced homes.  We are seeing a lot of interest in some of our more unusual listings like this cabin ,and this homestead as well as the doll house

Buyers should pay attention to homes that have been on the market for awhile and have recently lowered their prices.  Sometimes these homes become very good deals after a price reduction.  One of my listings that is now a good deal is this almost new home on Birch View Drive with a view, big lot, and large garage.  It is really hard to beat for 2200 square feet in such a good location.